Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Treasure Island FL Mortgage Syndicated User on May 1, 2023. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think...

The Three Factors Affecting Home Affordability Today

Written by Treasure Island FL Mortgage Syndicated User on May 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Treasure Island FL, Move-Up Buyers, Pricing, Treasure Island FL Mortgage.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

4 Key Tips for Selling Your House This Spring

Written by Treasure Island FL Mortgage Syndicated User on April 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:1. Make Sure You Give Buyers AccessOne of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’...

What You Should Know About Rising Mortgage Rates

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, New Construction, Treasure Island FL Mortgage.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

3 Ways You Can Use Your Home Equity

Written by Treasure Island FL Mortgage Syndicated User on December 1, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Written by Treasure Island FL Mortgage Syndicated User on December 1, 2022. Posted in For Sellers, Housing Market Updates, Millennials, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia...

Millennials Are Still a Driving Force of Today’s Buyer Demand

Written by Treasure Island FL Mortgage Syndicated User on November 1, 2022. Posted in Demographics, For Sellers, Housing Market Updates, Millennials, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why. Millennial Homebuying Power While there’s no denying higher mortgage rates are making it more challenging to afford a home...

Category: Housing Market Updates